I agree totally with Nani
John Hussman of Hussman Funds has been banging on for about the last two years about how overvalued the Dow is etc
His view in a nutshell is if you buy in the market now expect zero or slightly negative returns over the next seven to ten year horizon. He is also , by implication, intimating that it would not surprise him if the DOW halves.
I know it is easy to read views of all the bearish commentators but Hussman is very considered.
Secretly, I hope he is right.
Imagine the buying opportunities.
Please forgive the above pre amble as slightly off topic on this thread.
I think the above means that the IPO window will shut down as Nani is suggesting.
I am playing the IPO window like everyone on this thread but with an increasing sense of partying on the Titanic.
